1.2m tps, and it's still under development? That seems crazy, isn't it using stellar and thus isn't it limited by their limitations?
I would've thought to achieve 1.2m tps a new blockchain would be needed, that's what other projects are doing and many of them are facing many scam accusations just for claiming they've achieved 200k in testing (see credits)
I appreciate the skepticism. It's a combination of hyperledger+stellar+patent pending tech to enable such scaling. Theoretically limitations are 10mm tx/s in the future.
We're having a 3rd party independently verify as we understand the skepticism when only Ternio makes this claim.
Check out the video AMA (7 min mark) where the announcement is made:
https://youtu.be/4AxoP4dMpZY?t=7m